Tuesday, 25 April 2017

Category: Finance

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  • Rand slides on Standard & Poor credit rating cut

    Rand slides on Standard & Poor credit rating cut

    The rand fell more than 2 percent on Monday to its weakest in almost three months after S&P Global Ratings cut the country’s credit score to sub-investment grade with a negativ ...

  • WorldRemit to set up Nairobi office

    WorldRemit to set up Nairobi office

    The UK-based money transfer company said that the Nairobi office will focus on growing the WorldRemit brand and setting the stage for cross-border mobile money transfer services wi ...

  • African focused investment firm wins big in Angola

    African focused investment firm wins big in Angola

    African focused investment firm Quantum Global Group have been announced as the winners of the Global Banking and Finance Review award for Best Investment Company Angola 2016. The ...

  • Dollar loses 14-year peak

    Dollar loses 14-year peak

    The dollar stepped further away from a 14-year peak against a basket of currencies on Thursday, as investors locked in gains from its two-month-old rally after Donald Trump won the ...

Dollar starts the week on a low note, global markets shrink

Dollar starts the week on a low note, global markets shrink

The dollar began the week on the back foot on Monday as a spell of risk aversion underpinned the yen, though losses were limited as the US currency reaped some support on renewed ...

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Nigeria gains from currency devaluation

Nigeria gains from currency devaluation

More than two months after Nigeria allowed its currency to devalue, the country is starting to reap some dividends. In the past two weeks, Exotix Partners and Standard Bank Group ...

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Tigo Pesa customers pocket $2 in profit share

Tigo Pesa customers pocket $2 in profit share

Tanzania’s leading digital lifestyle company, Tigo has announced another quarterly payment of Tshs 5.6 billion (US$ 2,570,120) to Tigo Pesa users, the ninth time in a row that the ...

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Djibouti joins Africa Finance Corporation

Djibouti joins Africa Finance Corporation

Djibouti has become the newest member of Africa Finance Corporation (AFC), an international investment grade multilateral finance institution investing in key infrastructure proje ...

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Explainer: Nigeria’s move from a fixed to a floating exchange-rate policy

Explainer: Nigeria’s move from a fixed to a floating exchange-rate policy

Africa’s largest economy has finally floated its fixed currency exchange rate for the first time in history. The freeing of the Nigerian naira after months of policy debates saw t ...

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Zambia conservation farming gets £25m boost

Zambia conservation farming gets £25m boost

The UK Government, through the Department for International Development (DFID), is to work with the Conservation Farming Unit (CFU) to support rural Zambia conservation farming fa ...

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China to fund DRC power plant

China to fund DRC power plant

China's Sinohydro and China Railway Group will finance a $660 million hydroelectric plant in southeastern Democratic Republic of Congo which is being built to reduce the copper-mi ...

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Why it’s appropriate that South Africans rally behind their finance minister

Why it’s appropriate that South Africans rally behind their finance minister

Jannie Rossouw, University of the Witwatersrand Advocate Shaun Abrahams, South Africa’s National Director of Public Prosecutions, has stepped into some torrid waters. At a recent ...

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Why there needs to be judicial oversight of bank account closures

Why there needs to be judicial oversight of bank account closures

Robert Vivian, University of the Witwatersrand and Nicholas Spearman, University of the Witwatersrand The four largest banks in South Africa - Absa, First National Bank, Standard ...

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Why the rand punches above the weight of South Africa’s economy

Why the rand punches above the weight of South Africa’s economy

Is the size of the South African economy out of sync with the ranking of the rand as the 18th most traded currency in the world? The South African economy is the 33rd biggest in t ...

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